Apr 30

Disability insurance is a policy that supplements your income in the event of a disability that keeps you from working and earning an income. It gives you enough to take care of your financial needs until you are able to go back to work. There are great benefits of protecting your income against a disability. It is top on the list of the causes of home foreclosure and bankruptcy. There is a 20% chance of being unable to work for up to a year of your working years due to one form of disability or the other.

If you provide for yourself and have no other person (spouse or relation) to supplement your income in case of an emergency, then disability insurance is for you. A few months out of work can erode all your savings and make you end up deep in debt or even bankrupt. Social security disability would have been an option but it is very difficult to qualify for, and if you do, the amount you receive is very low compared to your previous income. You can try it, but don’t depend on it.

The following are the steps to get disability insurance:

  1. Do some research to find a few reputable insurance companies that carry disability insurance. Confirm their standing with the Better Business Bureau in your state. Contact their representatives and get quotes from them.
  2. Decide on the company to buy your insurance from after comparing different quotes and terms. Ask for their application form. It could be sent to you via email (quicker) or by post.
  3. The insurance company’s medical examiner will contact you to set up a date for a physical examination to check your health. This is usually at no cost to you.
  4. It takes about a month to six weeks for your application to be reviewed and you are issued your disability insurance policy.

You are given the first one month to decide to stick with the program or cancel.

Apr 20

Within the last decade, the amount of small businesses around the world has increased greatly. Many people have started their own small businesses due to the lack of work and jobs in some areas and some people have started their own businesses because it has always been their dream.

For whatever reason a person has to start their own business, they will likely need a small business loan at some point to help them with various costs that are associated with running a personal business.

Traditionally, people sought after larger financial institutions for their small business loan needs, but these days the larger banks are not doing as well as they once were. Independent lenders are now the preferred option of many small business owners when they need a small business loan.

In all reality, there is virtually no person that has not been effected by the banking crisis in some way. Whether you use banks or not, you will be effected. Since this crisis has began, the value of the pound in the UK has been declining, even more so than the American dollar and Japanese Yen.

However, the American $$$ and the Japanese ¥¥¥ have both dropped in value as well as many other currencies. Peoples’ net worth and savings have been in decline also since the banks have been in trouble. Larger banks and financial institutions have stopped lending to one another and to many people.

The banks have not trust amongst each other now and are approving as many loans as they once were. In fact, many of the larger banks have become so strict with their loan policies that they will not approve loans to people that do not have the best credit ratings. Banks have quickly become risk averse.

Before the crisis, the banks were handing out loans to pretty much anyone who applied. Now that the banks are in serious trouble, they are forcing people to accept higher interest rates than ever before, even for those who have great credit.

It seems that anyone who needs a small business loan or many other types of loans should greatly consider independent lenders over the larger banks and financial institutions. Independent lenders are now the leaders for the best loan option.

These lenders are not troubled with this crisis in the same way that the banks are and can give loans out to people with fair interest rates, even to those people who do not have the best credit. There are many different independent lenders to choose from and many of them can be accessed online.

Need a small business loan? Quick and Easy Loans can help, search 90%+ of the UK loan online office, find the lowest rates available and bad credit is not a problem. Get your Quick Loan here now it’s a quick application with no obligation.

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